Tuya Q3 2025 Revenue Up 1.1% YoY to $82.5mln; PaaS Revenue Up 2.4% YoY to $59.2mln

Tuya Inc. reported Q3 2025 unaudited financial results with total revenue of $82.5m, up 1.1% YoY. PaaS revenue increased 2.4% YoY to $59.2m, while SaaS and others revenue rose 15.4% YoY to $11.5m. Smart solution revenue decreased 14.6% YoY to $11.8m. Gross margin improved 2.3 percentage points YoY to 48.3%. Net margin was 18.2%, up 23.6 percentage points YoY. Net profits reached $15m, compared to a loss of $4.4m in the same period of 2024.